The Auditor Can Use Audit Data Analytics to Identify Potential

question 92

True/False

The auditor can use audit data analytics to identify potential situations where sales returns are understated or the allowance for doubtful accounts is understated for specific customers.

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Definitions:

Retroactive Interference

Retroactive interference is the phenomenon whereby more recent information can hinder the recall of older information.

Encoding Failure

A situation where the brain fails to create a memory link for information, leading to its inability to be remembered later.

Retrieval Failure

A phenomenon where information cannot be accessed or recalled from memory, often due to interference or insufficient retrieval cues.

Encoding Failure

A situation in which information does not get stored in long-term memory because of inadequate or insufficient encoding processes.